OB - Item 2A - Minutes 5-16-12Minutes of the
Oversight Board for the Successor Agency to the
Rosemead Community Development Commission Meeting
May 16, 2012
The regular meeting of the Oversight Board for the Successor Agency to the Rosemead Community
Development Commission was called to order by City Clerk Molleda at 5:03 p.m. in the Rosemead City
Council Chamber located at 8838 East Valley Boulevard, Rosemead, California..
PLEDGE OF ALLEGIANCE: Chair Pat Wallach
PRESENT: Board Members Allred, Alvarez, Jones, Lash,
STAFF PRESENT: City Attorney Richman, Assistant City Meer Rawkesworth, 6Fft Clerk Molleda
1. PUBLIC COMMENTS FROM THE AUDIENCE —
2. MATTERS FROM STAFF OF THE
A. Update Regarding the
As the Board will recall, action waken obi Ap` _ 01. to approve the Recognized
Obligation Pay.:: chedule (RO r'fhe peri cifJanuary —June 2012 and July—
December ril 26, 2012 t� a documen s were submitted to the various County
and St�a encies quired by thej alth and Safety Code. Per the Code, if the
Depaftme inancelakes no action, OPS is considered to be approved after the
third workin oll jgaubmittalfiwever, if the Department has questions, that
dgad' is auto Ily e6r� additional ten working days. As expected, the
sked' - extension o request additional information, and we are currently in
the addi i itgn day`tl' w p iod. As of May 8, 2012, the Department has requested
copies of the ber oerce agreement, the 2006A, 2006B and 2010A Bond
documents, an rious Q pital Improvement Projects. These documents were provided to
Department a, I no additional correspondence has been received. The ten day
ion will ex a on May 15, 2012. Due to the timing issues of preparing the agenda in
ad staff (present any additional information provided by the Department or
reque a Department to the Oversight Board at the meeting.
In additi &n to the review by the Department of Finance, the Agreed Upon Procedures review
has also taken place by the County's auditors over the past two weeks. Staff has met with
the auditors and reviewed a preliminary draft; however, a final version has not been
presented to the Successor Agency. The County has imposed a requirement that they must
review and be present for the final exit meeting with the Successor Agency prior to the report
being issued. Due to the large workload of the County's staff, this meeting has not been
Rosemead Oversight Board Meeting
Minutes of May 16, 2012
Page 1 of 2
ITEM NO. Z�
scheduled as of May 8 Staff can share with the Board that based upon the draft document,
the only item being recommended to be disallowed by the review is the contract with the
Chamber of Commerce as the original agreement was made with the City and not with the
former Community Development Commission. The Successor Agency staff will not try to
petition further for this contract as we have not made the monthly payments since January
and have since terminated the Chamber of Commerce agreement as allowed in the contract
language.
In the event that no additional information is provided or
Finance; staff may notify the Oversight Board before the
the agenda and the meeting may be cancelled.
,
Recommendation: That the Oversight
additional direction as necessary based
Assistant City Manager Matt Hawkesworth reviewed the staf
Resolution No. 2012 -0005 and the updated ROPS submittal
the City's website.
The Board took a short recess at 5:27 p.m. to
reconvene at 5:30 p.m.
Board Member Nicole Lash made a motion,
Resolution No. 2012.0005, app g�the Rr
2012. Vote resulted in:
Yes:
d By the Department of
that there are no items for
id file this'fdocrt and provide
by the Department of Finance.
Wallach
The meeting adjotttried at 5:58 p m The next regular Oversight Board meeting is scheduled to take place on
June 20, 2012 at 5 `' m.
ATTEST:
Matt Hawkesworth
Successor Agency Staff
Assistant City Manager
I staff report`Kabding
the City Clerfs office or on
the meeting and
rr Boa`rrl Mor ber Jeff Allred, to approve
for the , od of July through December
Pat Wallach
Chair
Rosemead City Council Regular Meeting
Minutes of May 16, 2012
Page 2 of 2